Alibaba to resume e-commerce business, elect new CFO | Corona virus epidemic

China’s technological reforms come at a time when it is facing increasing competition, economic stagnation and the collapse of the legislature.

Alibaba Group Holding Ltd is redesigning its global and home computer business and electing a new chief financial officer.

The changes, announced Monday, come as Alibaba faces a number of challenges, including greater competition, economic stagnation and economic stagnation. breaking the rules.

Alibaba said it would create two new phases to launch its major e-commerce businesses – the global digital business and the Chinese business, with the aim of speeding and growing rapidly.

The global digital marketing team will have Alibaba businesses looking for buyers and buyers abroad and include AliExpress, Alibaba.com and Lazada. The session will be led by Jiang Fan, former President of Taobao and Tmall markets.

Alibaba will have its Chinese trading business, led by Trudy Dai, a founding member of Alibaba, it said.

The company’s deputy chief financial officer, Toby Xu, replaces Maggie Wu as chief financial officer since April; his appointment was described as part of the company’s leadership management process.

Xu joined Alibaba from PWC three years ago and was elected as the second CFO in July 2019.

Wu, who helped lead the three Alibaba-related companies as a CFO, will continue to be the executive director on the Alibaba board.

The e-commerce rates reported in Hong Kong fell 8 percent on morning sales, following Friday’s slowdown in the United States. Sections registered in the US to Chinese companies declined from regular home inspections due to plans for Didi Global Inc. to be removed from the New York Stock Exchange.

Last month, Alibaba reduced its forecast for annual revenue growth to a gradual decline since the 2014 stock market began and saw sales on its roster, an online shopping festival Singles Day, grow at a slower pace than ever before. even selling history.